Monday, February 17, 2014

who becomes the custodian of aUTMA account when the custodian dies and the minor is still under age 21 in ohio?

Question

who becomes the custodian of aUTMA account when the custodian dies and the minor is still under age 21 in ohio?



Answer

You need to determine if a successor custodian was set up when the account was opened. If there is no successor custodian named with the financial institution then you will need to apply to the probate court to have a successor named.



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